Heat oven 325°. In bowl combine peaches and sugar and mix well, set aside. In another bowl, combine dry ingredients. In a large mixing bowl cream shortening and 1 1/2 cups sugar together well, then add eggs and vanilla and beat till well blended. Alternately add the peach mixture and flour mixture to the egg mixture and beat till well blended and Smooth. Fold in pecans, scrape the batter into a floured and greased loaf pan. Bake till golden brown about 55 minutes. Turn out on rack and let cool before slicing.